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01/26 07:10

Trump Social Media Firm In Talks To Expand Into

Trump Social Media Firm In Talks To Expand Into Crypto With Bakkt Acquisition

Donald Trump’s media venture, the Trump Media and Technology Group (TMTG), is reportedly in advanced negotiations to acquire Bakkt, a crypto trading platform owned by the Intercontinental Exchange (ICE).  Trump Sets Sights On Crypto Expansion According to sources familiar with the ongoing discussions, TMTG is considering an all-share purchase of Bakkt, although the exact valuation remains unclear. As of Monday, Bakkt’s market capitalization was just over $150 million. Related Reading: The Year Of Solana: 2024 Sees Global Crypto Love Surge Nearly 40% TMTG, which Trump has pledged to maintain a 53% stake in, has gained considerable attention in the stock market since the former president’s election victory on November 5. Despite reporting only $2.6 million in revenues this year, TMTG boasts an equity valuation of $6
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